||Leavenworth, KS - Scott, Kerr & Co. $1 June 1, 1862 KS-48 G4 Whitfield-323. PCGS Fine 12 Apparent. A rare fully issued signed note, with John Kerr as the bank's cashier. The American Banknote Company plate was corrected and "Leavenworth" is spelled properly. The vignettes and layout are the same as the essay proof offered here: upper left, a large vignette of horses at a trough and men with feed bags; at lower right, Winfield Scott. The signature of Lucien Scott is engraved. Most likely, the circulation for this type was considerable, as this is machine-numbered 19204. The vast majority of these notes were redeemed, either by the partners or the First National Bank, as they are rarely seen for sale. We have handled one issued note of each style in prior sales, a decade or so ago. The only example of this type we have sold was at St. Louis in 2003 for $900. Apparent with "Small Edge Splits and Tears" noted. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,995.00. Newman VI (Heritage Auctions, 4/2015), lot 19068. Description courtesy of Heritage Auctions.